Windows 2012 R2 -- HyperV CPU license ?

Do I only need ONE Windows 2012 R2
Standard license for the below ?

If not, what do I need to be legal ?

DETAILS
  ** 1 physical server
  ** 2 physical CPUs
  ** 8 cores / CPU
  ** Hypertread
  ** 32 virtual CPUs
  ** 2 Hyper-V VMs, sharing 32 virtual CPUs
finance_teacherAsked:
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Mohammed KhawajaManager - Infrastructure:  Information TechnologyCommented:
As long as you do not exceed 2 VMs, you should be fine.
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Don S.Commented:
Yes, but the Physical instance of the OS must be only running the Hyper-V role.  You would also need CALs for each device connecting to either of the VMs.
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David Johnson, CD, MVPOwnerCommented:
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Philip ElderTechnical Architect - HA/Compute/StorageCommented:
Your license is fine as Standard covers host plus 2 VMs.

As far as provisioning and setting up the host may I suggest my E-E Article: Some Hyper-V Hardware and Software Best Practices.
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